Appeal of Corning Incorporated

COA15-954, Appeal of Corning Incorporated v. Cabarrus County, Court of Appeals case of 13 PTC 822. "Based on the foregoing, we conclude that the Commission's Final Decision is supported by competent, material, and substantial evidence in view of the whole record, and was not affected by error of law. The Final Decision is affirmed."

13 PTC 822, Appeal of Corning Incorporated v. Cabarrus County, fiber optic manufacturing facility with multiple-level floor layouts and building area that is still in shell condition, functional and external obsolescence. "Corning's evidence from Mr. Stout, taken alone and by itself, tends to show that the County's methods are arbitrary or illegal due to (a) the County's classification of the subject property as a special-purpose property; (b) the County's failure to consider acceptable appraisal methodology to show loss in value due to economic and functional obsolescence associated with the subject property; and (c) the County's focus on the specific use of the subject property, which caused the County to implicitly value the subject property at the subjective worth to Corning and not as the objective value to a willing buyer."